The volatility of Solana (SOL), which rose 32 percent in just a few days, continues to decline.
Solana (SOL), one of the coins that kept pace with the rise of BTC fastest, showed a performance of 32.33 percent in just 5 days. SOL, which found a lifeline after FTX was relieved of the liquidation pressure and BTC went to $ 28,550, is now in a calmer pricing state. What is the chart like for SOL, which started its downward trend and lost volatility? Which levels are critical to monitor?
Solana (SOL) technical analysis
SOL, which started its movement at $18.75, reached $24.85, recording an increase of nearly 33 percent in just 5 days. However, the major coin, whose volatility has gradually decreased after BTC’s decline, is currently traded at $ 23.35. SOL, which has captured the buyer base after overcoming the FTX crisis, may make a move to 25.59 – 27.15 and 29.13 dollars, respectively, as long as it holds above $ 24.03.
The reappearance of FTX-related problems, BTC breaking $ 27,450 downwards, or any Fud news from the industry in general will naturally shake the SOL price. In such a situation, the levels where buyers are expected to be active are 22.03 – 21.31 – 20.89 – 19.50 – 18.54 and 17.90 dollars, respectively. Losing $17.90 could naturally start a new selling wave.
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